Learn how and when to use Fibonacci Betting System Step-by-Step
The Fibonacci betting system is called after the mathematician Leonardo Fibonacci from Pisa who created it in the 12th century while contemplating a curious problem.
The topic that suits us is that Fibonacci sequence is a progression that is defined in a way that our stake is a sum of two previous stakes. In our days, Fragiskos Archontakis and Evan Osborne published the Fibonacci Strategy where the system came simply: bet on a draw and if you lose then bet on another one increasing the betting stake in a way that follows the Fibonacci sequence.
What is the Fibonacci sequence list of numbers?
Basically the list start with 0 and 1, followed by their sum, which is 1, followed by the sum of the last 2, which is 2 and so on:
0+1 = 1
1 + 1 = 2
1 + 2 = 3
2 + 3 = 5
3 + 5 = 8
and so on. 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, 6765, 10946, 17711, 28657, 46368, 75025, 121393, 196418, 317811 etc
How to use the Fibonacci sequence to bet on sports?
This system is based on the theory that bookmakers have a hard job to predict a draw and this can mean the bettor can take advantage with this system and get a good profit for winning with a draw bet.
You have to follow a few steps:
- you can bet only when you find a probability of draw higher than 2.618;
- increase your betting stake following Fibonacci sequence;
- don’t stop until you win and also cover all your loses.
- after you made a value profit you can stop and consider if that was useful for you to start over or change it.
Anyone can reach the limit because of their bankroll or maybe because of some rules imposed by a bookmaker. The Fibonacci sequence is not likely to continue for a long time, and that is why it can be a non-profitable long-term solution especially when you use it in a casino.
What to keep in mind when you consider using Fibonacci sequence?
You should consider my advice before starting this system:
- you can bet only when you find a probability of draw higher than 2.618 in single bets or accumulator bets type;
- try to stay away from the leagues where a good amount of goals are scored;
- avoid teams that will play to win the leagues;
- do not bet at the beginning and end of a season.
The Fibonacci betting system is based on triple your stake every time you lose a bet and keep doubling your stake until you win. Your profit will be the initial stake which you started with. It’s preferable to use smaller odds in an accumulator type of bet in order for you to manage to make a big profit at the end of this system.
The Fibonacci betting system is valued as a mathematical concept like all progressive betting systems. This type of system is suitable for bettors that have an unlimited bankroll.
My advice for you is to follow a team with a long period of time without a draw result and to back the draw week-by-week until you have the draw result and of course your profit made. After that, you can change the team and start over.
Of course, the PROFIT made by following this betting system depends entirely on the bettor skills, betting knowledge and the sports events he chooses to bet on.
You have the money to invest in this system, but you don’t have enough time to do the research or you are to emotional when it comes to choose the right selections to bet on, then…
I can help you by doing the research and give you the best options.